| 10.11.2011 - Sovereign wealth funds not a good idea |
| Abu Dhabi Investment Corporation, touted as the world's largest Sovereign Wealth Fund (SWF) with a corpus of $1500 billion, was in deep trouble when its bailout funds for the beleaguered CitiBank at the height of US financial troubles in 2008 all but evaporated. This was on account of the conversion price per share of $31 or thereabouts, when the going rate at the time of conversion had nosedived to less than $5...............................................Full Article: Source |